Archive – Banking & Fintech

Bluewin considers porn services in bid to boost revenues

This content was published on Aug 13, 2001 The plan has already raised eyebrows, not least because the government is still the majority shareholder in the former state-owned monopoly. Bluewin believes supplying web surfers with erotic content will be good for business. “We are considering launching an erotic portal because of the strong demand for this kind of content,” spokeswoman, Melanie Schnieder, told…

ABB wins Algerian order

This content was published on Aug 13, 2001 The new station will increase the capacity of the gas pipeline between Algeria and Europe from 8 to 11 cubic metres. The compressor station will serve the 1400-kilometre pipeline that runs from Algeria to Europe through Gibraltar. The joint venture set up by ABB and Sonatrach will construct the station. Sonatrach also hired ABB to…

Driving through Switzerland on rails – sweaty but successful

This content was published on Aug 12, 2001 Hupac, a Swiss company sub-contracted by the Swiss federal railways, operates the scheme between Freiburg, 40 kilometres north of the Swiss border in Basel, and Novara, in Italy, 410 kilometres to the south. Five trains a day carry a maximum of 170 lorries across Switzerland in both directions. “The good thing is that the wares…

4M Technologies at an all-time low

This content was published on Aug 10, 2001 The company, based at Yverdon in canton Vaud, had asked for the suspension because long negotiations with the banks and the search for new investors to secure financing had not succeeded. In a statement on Friday, the company said that its board of directors would meet again on Monday to decide on “appropriate measures”. A…

Wealth and woe in Grindelwald, Aletsch

This content was published on Aug 10, 2001 Tourists travelled to Grindelwald early in the century to view the sea of glaciers dividing the Bernese Oberland from upper canton Valais. The Eiger, Mönch and Jungfrau peaks looming over Grindelwald also enthralled them. The best route to climb the peaks though was through the back door from Valais, crossing the Aletsch Glacier. Inns and…

Garaventa and Doppelmayr merge

This content was published on Aug 10, 2001 A statement on Friday said the two companies wanted to build a powerful organisation with the aim of continuing to develop and improve ropeway technolgies. The contract was signed on Wednesday. The majority shareholder of the new group, which will have its headquarters in Goldau, is Doppelmayr Holding of Wolfurt in Austria. Garaventa’s chief executive…

Clothes made the climber

This content was published on Aug 10, 2001 In the late 18th century, one climber reached the top of Western Europe’s highest mountain, Mont Blanc, wearing little more than pyjamas. In 1854, Alfred Wills ascended the 3,700 metre high Wetterhorn in flannel cricketing trousers, and one of his contemporaries did the same on the nearby Kleine Schreckhorn. They had ignored advice from guidebooks…

Blue chips set to report results

This content was published on Aug 10, 2001 On Tuesday, Switzerland’s biggest bank, UBS, will reveal its interim figures. Early analyst estimates forecast a downturn in profit of nearly 40 per cent over the second quarter after write-downs on its private equity portfolio. UBS, the world’s largest private wealth manager, was cheered after its first quarter results in May showed it reversed outflows…

Rail 2000 on track to ensure quicker travel

This content was published on Aug 10, 2001 When the line opens at the end of 2004, the speeds reached will be the fastest on the Swiss rail network. Rail 2000 is the concept approved by the Swiss in 1987, with the aim of making services more frequent, faster, more direct and more comfortable. And unlike most major projects, Rail 2000 is more…

Swiss economy slowing

This content was published on Aug 10, 2001 On Thursday the beverages group, Feldschlösschen, announced it was to cut 150 jobs by early next year as part of a major restructuring programme. A company statement said the cuts would mainly affect managerial positions. This news followed on from unemployment figures for July released on Wednesday. In another sign that the country’s economic fortunes…

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Archive – Banking & Fintech

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Bluewin considers porn services in bid to boost revenues

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ABB wins Algerian order

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Driving through Switzerland on rails – sweaty but successful

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4M Technologies at an all-time low

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Wealth and woe in Grindelwald, Aletsch

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Garaventa and Doppelmayr merge

More

Clothes made the climber

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Blue chips set to report results

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Rail 2000 on track to ensure quicker travel

More

Swiss economy slowing

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